Toncoin is back in the spotlight following a series of major updates from Telegram that may redefine how users interact with cryptocurrency within messaging apps.
However, the TON price has pulled back sharply over the past 24 hours, down 5% to $2.78 after getting rejected at the $3.15 resistance zone. The question now is: can $TON hold the $2.80 support level and rally back?
Telegram Turns TON into Its Native Currency
On July 1, Telegram officially rolled out full integration of the TON blockchain into the app’s core functions. This means over 1 billion Telegram users can now use $TON for off-chain payments, suggested posts, channel tips, and even checklist monetization, all without leaving the app.
Key utilities added:
- Pay channels using TON
- Submit and monetize suggested posts
- Use TON for crowdfunding and ad placements
- Fund wallets via Fragment directly inside Telegram
- Manage tasks with collaborative checklists
These upgrades are a game-changer. Suggested posts, for instance, allow any user to submit content to a Telegram channel and offer Toncoin as a payment.
Telegram takes a 15% cut, while creators receive 85%, fueling a whole new micro-economy for influencers, communities, and advertisers.
READ MORE: Sei Price Prediction as New AI Gaming Token Gains Steam
Daily Users Are Climbing, Even as Price Falls
On-chain data confirms growing adoption. According to IntoTheBlock, Toncoin now has over 123.8 million addresses holding TON, with a recent high of 125.9 million on June 30.
Even more telling is the 60.41% weekly increase in zero-balance addresses, likely linked to the rollout of the Telegram wallet.
The number of daily active addresses also rose by 22.29%, despite a 44% drop in new address creation. This shows users are beginning to engage with TON more frequently, which is generally a healthy long-term signal.
Toncoin Price Prediction: $TON Faces Key Resistance at $3.15
From a technical perspective, Toncoin price is in a critical testing phase. The Telegram-linked incoin failed to break above the key resistance zone between $3.15 and $3.28, which aligns with a Fibonacci retracement level. This triggered a rapid 5% correction to $2.78.
Technical indicators are painting a mixed picture for Toncoin. The Relative Strength Index (RSI) sits at 46.16, right in neutral territory, but with a slight tilt toward bearish momentum.
At the same time, the MACD has flashed a bullish crossover, hinting at possible upside ahead, even though the signal line is still stuck in the red. Adding to the complexity, trading volume jumped 27% over the past 24 hours to $171 million. But that spike is more about sellers cashing out than fresh buying pressure.
The $2.80–$2.75 zone now becomes a critical support level. If TON price can hold this area and flip volume bullish, a retest of $3.02 is likely, with a breakout target at $3.28, which is almost a 20% surge from current levels.
READ MORE: Best Crypto to Buy Today as Bitcoin and Altcoins Crash
